nChain CEO Departs Accusing Dr. Craig Wright of Fraud

Christen Ager-Hanssen, the Group CEO of blockchain technology company nChain, has announced his resignation, effective immediately. Ager-Hanssen took to social media on September 30, 2023, to detail the reasons behind his departure, highlighting a series of serious concerns he reported to the nChain board. Among these, he alleged a conspiracy to defraud nChain shareholders orchestrated by a significant shareholder and raised concerns about the ultimate beneficiary shareholder and the real individuals behind DW Discovery fund registered in Cayman. The former CEO also mentioned that the chairman had been taking instructions from shadow directors, which he found unacceptable.

Evidence against Dr. Craig Wright

A notable part of Ager-Hanssen’s revelation was his assertion that he had discovered compelling evidence against Dr. Craig Wright, a controversial figure in the blockchain community who claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Ager-Hanssen stated that the evidence he found suggests Wright manipulated documents to deceive courts about his identity as Satoshi. This led Ager-Hanssen to believe that Wright is not Satoshi and is likely to lose his ongoing legal battles. He expressed regret for not having recognized these issues earlier, referring to Wright as “#Faketoshi” in his tweets.

Reactions from the Crypto Community

Ager-Hanssen’s disclosure generated a significant reaction from the cryptocurrency community. Several individuals, including Ray Youssef and Rahul Sood, supported his decision to come forward with the information. Others inquired about his past support for Wright and what changed his perspective. Ager-Hanssen acknowledged that he was misled into believing that Wright was part of the group that created Bitcoin.

A Look Back at Algorand

Some commentators also touched on Ager-Hanssen’s past involvement with Algorand, suggesting that he should have stayed with the project, regarded by some as superior blockchain technology. Ager-Hanssen admitted his mistake and expressed openness to exploring scalable technologies moving forward. The discussions also delved into the broader implications of the former CEO’s allegations on the Bitcoin SV (BSV) community, which largely rallied around Wright’s claims in the past.

Future Endeavors

Although the immediate future remains uncertain for Ager-Hanssen, he expressed gratitude for the support received and hinted at his willingness to explore other opportunities in the blockchain space. The narrative underscores a significant event in the ongoing saga surrounding the true identity of Satoshi Nakamoto and adds another layer to the controversies enveloping nChain and Dr. Craig Wright.

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ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account

Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody after he allegedly accessed his cryptocurrency account.

The remand order came from U.S. District Judge P. Kevin Castel after Griffith reportedly sought to access Ethereum assets held by Coinbase in May.

The Ethereum Foundation researcher will likely spend the next two months behind bars. He is scheduled to be tried on September 21 on charges of conspiracy to violate sanctions with North Korea and faces up to 20 years inside.

According to Law360, Judge Castel’s main concern was flight risk since the assets Griffith held had jumped in value into the $1 million range, which may have influenced his decision to check the wallet, the judge stated.

Prosecutors sought remand on July 9, claiming that Griffith violated bail terms that sharply restrict his internet use. He allegedly accessed Coinbase to contact the exchange to request the removal of account security functions reportedly stating: “I’m going to need the [two-factor authentication] removed as the FBI took my devices away.”

Defense lawyers claimed the attempt to access Coinbase was made after consulting his counsel, adding that it was his family in Alabama that made the attempt on his behalf.

Griffith was charged and indicted on January 7, 2020, after his arrest in November 2019 for conspiracy to violate the International Emergency Economic Powers Act. He was initially denied bail but was finally granted a bond order for $1 million at the end of December 2019.

Related: Vitalik Buterin Supports Petition to Free Arrested Blockchain Dev

Federal authorities believe he assisted North Korea’s efforts to launder money using cryptocurrency to avoid U.S. sanctions after he attended a blockchain conference in Pyongyang in April 2019.

In October 2020, Griffith filed a motion to dismiss the conspiracy charges, claiming that his April 2019 conference presentation consisted of widely available public information, therefore he was not providing a “service” to North Korean officials. The following month, lawyers representing the U.S. government labeled the argument “absurd”.

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@Sau_Mon_ @Ki0mbo @CryptoWhale Compared to fiat balances on exchanges. Whicu btw are far less transparent than tether, and yet do not attract conspiracy about if there is real usd backing.

@Sau_Mon_ @Ki0mbo @CryptoWhale Compared to fiat balances on exchanges. Whicu btw are far less transparent than tether, and yet do not attract conspiracy about if there is real usd backing.

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Bitcoin (BTC) $ 43,487.65 1.07%
Ethereum (ETH) $ 2,379.98 5.03%
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Bitcoin Cash (BCH) $ 248.70 0.23%